Panagiotis & Eleni Zoitas Acquire Retail Property In Woodside For $4.3M
61-04 Woodside Avenue, Woodside, NY, USA
$4,300,000
$877/SF
Building Size
4,902 SF
Asset Type
Retail
Closing
Oct 26, 2021
About this deal
AI
The retail property located at 61-04 Woodside Avenue in Woodside has been sold. The property spans 4,902 square feet and was sold for a total price of $4,300,000, resulting in a price per square foot of $877. The transaction took place on October 27, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 61-04 Woodside Avenue
- Market: Woodside
- Buyer: Panagiotis Zoitas & Eleni Zoitas
- Seller: Dimitrios Michael Gdisis, Vasilios Gdisis & Christina Afroditi Gdisis
Panagiotis Zoitas and Eleni Zoitas were the buyers of the property. On the selling side, Dimitrios Michael Gdisis, Vasilios Gdisis, and Christina Afroditi Gdisis represented the seller in the deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93